BlackRock's IBIT Ends Inflow Streak with Record Outflow: What's Next for Bitcoin?

<div><p>The world&rsquo;s largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024.</p><p>On May 30, BlackRock&rsquo;s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT&rsquo;s largest outflow day was on Feb. 26, with $418.1 million in outflows.</p><h2>BlackRock Bitcoin ETF massive outflow day</h2><p>ETF analyst Nate Geraci said in a May 31 X post, &ldquo;What a run over the past 30+ days, though.&rdquo; Geraci highlighted that BlackRock is &ldquo;now pushing&rdquo; approximately $70 billion in Bitcoin (BTC) holdings since it launched. &ldquo;Not sure I have words to describe how ridiculous this is,&rdquo; Geraci said.</p><p>Overall, the 11 US spot Bitcoin ETFs recorded net outflows for the second consecutive day on May 30, totaling $616.1 million. </p><figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/01972509-9bec-71c5-b26f-dbcfe178c939-4.png" alt="Spot Bitcoin ETFs have accumulated $44.35 billion net inflows since the products launched in January 2024. Source: Farside"><figcaption style="text-align: center;"></figcaption></figure><p>The day before, on May 29, the cohort ended its 10-day net inflow streak with an outflow day of $346.8 million, although BlackRock still posted an inflow, drawing attention from several in the industry.</p><p>Master Ventures founder Kyle Chasse said, &ldquo;Every other issuer saw red. BlackRock kept buying&hellip;big brain energy right there.&rdquo;&nbsp;</p><h2>Bitcoin ETF outflows not &ldquo;retail panic&rdquo;</h2><p>&ldquo;The sell-off isn&rsquo;t retail panic. It&rsquo;s literally the quiet transfer of supply to the strongest hands,&rdquo; Chasse added.</p><figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/01972507-f3e3-713f-b701-6efe625bae1d-2.png" alt="Bitcoin is up 9.14% over the past month. Source: CoinMarketCap"><figcaption style="text-align: center;"></figcaption></figure><p>Meanwhile, Bitcoin&rsquo;s spot price is $103,700, down 2.27% over the past 24 hours, according to CoinMarketCap data.</p><p>On May 30, Derive founder Nick Forster pointed out to Cointelegraph that there has been a significant amount of spot Bitcoin ETF inflows in recent times, yet it hasn&rsquo;t been reflected in the spot price.&nbsp;</p><p>&zwj;&zwj;&ldquo;Despite significant inflows into Bitcoin ETFs, notably over $6.2 billion into BlackRock&rsquo;s iShares Bitcoin Trust in May, Bitcoin&rsquo;s price hasn&rsquo;t experienced a commensurate rise,&rdquo; Forster said.</p><p>In the trading week ending May 23 alone, spot Bitcoin ETFs recorded a total of $2.75 billion in inflows.</p></div>